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Mauritian listed business group ER Group (https://ERGroup.mu) has established a regional office in Nairobi, Kenya, and created a regional fund with equity partners to expand investment and partnerships across East Africa. The Group, created in 2025 through the merger of Mauritian business flagships ENL and Rogers, marks a new step in its regionalisation strategy by strengthening its presence in one of Africa’s most dynamic economic regions. Regional expansion is one of the pillars of ER Group’s ten-year strategy, set out earlier this year. In line with this roadmap, the Group, which is present in 17 territories worldwide, is accelerating its expansion in Africa through a measured approach focused on sectors it knows well. The priority is to grow in industries and countries the Group already operates, working with trusted partners to expand sustainably. Through this approach, ER Group aims to increase the contribution of international activities from around 15% of revenue today to 30% over the coming decade. East Africa has been identified as a priority region within this strategy, with Kenya, Tanzania, Zanzibar, Rwanda, and Uganda forming the first phase of expansion. To back this ambition, ER Group has created, together with equity partners, a regional fund of MUR 1 billion to accompany the expansion of its subsidiaries across Africa. The fund is designated to providing capital for growth, supporting selective investments and providing additional capacity to pursue opportunities in markets and sectors where the Group has established expertise. On the ground, ER Group has appointed Rasmus Bentzen as its regional representative in Nairobi. Bringing over a decade of experience in private equity and regional investment across East Africa, he will anchor the Group’s regional expansion agenda by identifying investment opportunities, developing strategic partnerships and supporting growth of its subsidiaries in Africa. Gilbert Espitalier-Noël, Group Chief Executive Officer of ER Group, said: “Regionalisation is a central part of our long-term strategy. We focus on markets where our businesses already have operational expertise and where partnerships can support sustainable growth. Establishing a regional office in Nairobi strengthens our ability to identify opportunities and support the expansion of our subsidiaries across East Africa.” As it accelerates its regional ambition, ER Group, one of Mauritius’s most profitable and diversified business groups, continues to combine strong financial performance with dedicated investment, giving it the capacity to support its expansion with discipline and long-term perspective. For the first half of FY26, the Group, listed on the Stock Exchange of Mauritius and included in its Sustainability index (SEMSI), reported: Revenue of MUR 23.2 billion ($492.7 million) EBITDA of MUR 6.4 billion ($135.9 million) Profit after tax of MUR 2.6 billion ($55.2 million) Operating margin of 26% Expected EBITDA FY26: MUR 12 billion ($254.8 million) The Nairobi presence, combined with the creation of dedicated regional investment capacity, marks the start of a more active phase of expansion for ER Group, building on its existing footprint and financial capacity to deepen partnerships and pursue opportunities across East Africa and the Indian Ocean region.

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Thierry Lepercq, Founder and President of HyDeal Ambition – a platform uniting 30 companies across the entire green hydrogen value chain – will speak at the MSGBC Oil, Gas & Power 2025 conference and exhibition, taking place from December 8–10 in Dakar, where the company will also participate as a Strategic Partner. Building on its success in Europe, HyDeal Ambition is expanding into Africa through its HyDeal Africa partnership with Morocco-based renewable energy developer Gaia Energy, targeting large-scale, low-cost green hydrogen production for export to Europe. With an initial focus on Morocco and Mauritania, the initiative positions Mauritania as a key green hydrogen hub, supported by exceptional wind and solar resources and close proximity to European markets. Through a joint feasibility study, HyDeal Ambition and Gaia Energy are assessing a subsea hydrogen pipeline linking Mauritania and Morocco to Spain – a critical step toward establishing an integrated green hydrogen corridor connecting Africa and Europe. The project aligns with the EU’s target to import 10 million tons of green hydrogen by 2030. HyDeal Ambition’s vertically integrated model – proven through HyDeal España, a 4.8 GW solar and 3.3 GW electrolyzer project currently under development in Spain – aims to deliver green hydrogen at costs competitive with fossil fuels. Its expansion into Mauritania builds on the country’s rapidly growing renewable energy portfolio, including the planned 30 GW Aman, 10 GW Project Nour and 6.6 GW Megaton Moon developments. Lepercq is set to share insights from HyDeal’s European and African ventures, outlining strategies to scale cost-competitive green hydrogen production and infrastructure across the MSGBC region, where countries such as Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry are advancing complementary hydrogen and renewable initiatives. “HyDeal Ambition’s participation at MSGBC Oil, Gas & Power 2025 highlights the growing momentum behind West Africa’s green hydrogen drive,” said Sandra Jeque, Project Director at Energy Capital & Power. “With Mauritania and its neighbors advancing large-scale renewable and hydrogen projects, HyDeal’s integrated model and European experience will provide valuable insights into developing competitive, export-ready hydrogen value chains across the region.” Explore opportunities, foster partnerships and stay at the forefront of the MSGBC region’s oil, gas and power sectors. Visit www.MSGBCOilGasandPower.com to secure your participation at the MSGBC Oil, Gas & Power 2025 conference.

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